Transcripts For FBC Countdown To The Closing Bell With Liz C

We will watch that all weekend long. Our reporters are ready as liz clam does get set to spend the weekend with warren. We are live in omaha nebraska. At the gigantic annual Shareholder Meeting. Some 38 plus a thousand people already streaming into the center of it all. And guess what, the actual meeting doesnt begin until tomorrow. But before that after the bell we are getting earnings. We will get you a preview. We are less than an hour to the closing bell. Lets start the countdown. Okay here we go. Im Connell Mcshane in new york. Im at the century link arena. Tens of thousands of people havent started to flood the area. Why, for these two guys. Tomorrow they will take the stage here at the century like youre talking about an 86yearold man and a 93 yearold vice chairman. Sitting on an empty stage talking about the economy about business in the more than 80 businesses they own and it will sell out more than nickel back, queen and yes indeed paul mccartney. Why does this matter. Its very much a proxy for the economy. And he owns so many businesses but the powerhouse six are the ones that really indicate how the economy is going. He owns an entire railway. Last year that was extraordinary week and Warren Buffett was not happy about it because the competitors did better. Will find out how they have done in the quarter. When brookshire reports. Up until the northern company. This is a company that just throws off tons and tons of cash. Were passing it right now. I want to show you something. Why is this company so important. He is going to spend a lot more on the military. This piece right here it enables the f35 above it to stop mid air and begin to hover. The expectation is for 17 increase the operating profits. And we should mention on the revenue. 58. 8billion. It is at a six month high. The stock is never split. Back to you. Coming back with the governor of omaha. Its always fun to see that. By five past the hour now. A little bit of a late day bump. The strong jobs number that we received this morning could cement the decision to hike rates in june. At this point there on the track for the third week of gains. They have a chance to close in record for terry. Todays big number. Just two days after the fed report. It is higher amazon if youre going to talk about individual stocks has been on fire. 25 this year but today it is down. They are trading lower by about 4 and a little bit more than that. They have sold a record million shares this week. That information came from sec filings. A roller coaster of the right. It was not the case yesterday. Investors regained their taste for that burger joint. Buckingham upgraded to the stock. It really helped them out. Interesting to watch. Also interesting to watch is the white house today because moments ago they know its not sean spicer Sarah Huckabee sanders. They are not working under a specific time to do so. The traction of the healthcare bill is getting is a win for the american people. All of this a day after President Trump and the republicans took that victory lap in the rose garden at the white house. Following a very narrow legislation. As a voted there to pass the healthcare replacement plan for obama care. This now as a heads to the senate and they do face a likely uphill battle. With that ble burman as per usual sitting by at the white house with what steps wean expect next in terms of the term of the president S Health Care plan. One of the big things that we heard on this day sean spicer not here today. It was a deputy press secretary. She says the name pillars and principles of whatever the senate takes up are going to be the same. What exactly is the senate going to do with its vision with its desire we know what the house did yesterday. They are all republicans. No members of the senate say this. They might want to write their own version. The principles and the pillars are going to be the same do not underestimate the president. Listen. He is committed to reforming the health care system. You will see that process take place are not going to get ahead of the allegedly the process we expect there to be some changes but we expect the principles in the main pillars of the healthcare bill as it exists now to remain the same. There is one major difference between house and the senate. They pass it without getting a score. Members of the senate say hey, we want that score. That could delay the timeline here. I ask about that. I know the gospel pretty well. I would say the cbo is not the gospel. Thank you blake. The commodity is a bit oversold. After collapsing almost 20 . That april employment report that we would have been talking about did come in strongerthanexpected. The uncertainty of the French Election seems to be waiting a bit on investors today as well. That brings us to the floor show. The great jeff flock out there. Matt, we begin with you. What you think of these markets on a friday afternoon. Maybe we should take that. There is no shortage of news to look at. The markets are moving much. Attic everyone is out celebrating cinco de mayo. Especially with all that you mention that could really move the markets. I dont think the French Election is really driving this market right now. Its very much clear at least the markets interpreting that way. We are starting to see really break out for the upside. They were tremendous. There were sold off very hard yesterday. And now they are starting to rally. Thats what traders have been looking for. A new entry point and some of the names in the oil sector. You are right about that. And even though we are hovering close to a session high for right now. Thstory has been oil. This time they were saying llo can we go. And we went even lower. I counted 4376 is how low we got today session. Another 4 loss before we rebounded to where we are right now. There was action here because there was bargains to be head. A major turnaround. We talk about stocks. If you look at the oil stocks over the course of the past six months they havent done that well. Everyone thought the Trump Administration and the oil. The Oil Producers and the big ones had not done tremendously while. And the employers have done even worse. They will add only that their recount out today another six extra rigs. There were up over 700 rigs right now. We are Still Producing a big time. There is a yeartodate performance on some of the stocks that they were talking about. We want to keep you here. And all new episode of wall street week with maria bartiromo. I am making a cameo appearance. How you can actually buy a gold mine. Another cant miss friday night right here on the foxbusiness network. No surprise. After they revealed he has cut the big state. A lot of people here ive been talking to shareholders they would like to know about his big stake in the United Airlines and what hes doing with it ever since he was yanked off that plane. Fruit of the loom. You name it, he owns it. And what does that do bring all of these people for the Shareholder Meeting. Coming up, up foxbusiness exclusive with governor pete ricketts. Dont go away. Predictable. The comfort in knowing where things are headed. Because as we live longer. And markets continue to rise and fall. Predictable is one thing you need in retirement to help protect what youve earned and ensure it lasts. Introducing brighthousfinancial. A new company established by metlife to specialize in annuities life insurance. Talk to your advisor about a brighter financial future. From both new york and omaha. They are pouring through the final details of this healthcare bill. It leaves the states with some difficult decisions to make about benefits, eligibility and with that we go back to liz who has it out there. We have to confront some of the hard choices should the legislation become law. We are talking about the republican governor. Liz, take it away. Hes right here with us. Think you for having me on. You are surrounded by tens of thousands of people coming in here to the century link once a year to see Warren Buffett and they come with their wallets ready. It is fantastic to ha tens of thousands of people come to nebraska and they really give us a chance to highlight it. We just had such a wonderful place. It is no surprise. Speaking of states. You guys in your Unemployment Rate. We have weve a lot to talk about. Right here in nebraska 3. 1 Unemployment Rate while well below that national average. We saw 211,000 jobs. Nationally. Tell me whats going on here. That helps me keep the level down. Nebraskans want to work. These people want to head jobs. To create a resume. We had been able to reduce that out. We were able to increase it. The Health Care Plan that just passed in the house requires that those who take medicaid must work to get medicaid. They have to give. And pay into it. It also leaves some very difficult decisions. I think one of the things that is important is that we have to pass it. It is collapsing under the own weight. Who knows what would happen in the future but we did make the reforms. And people have seen the premiums skyrocket. Its important as a first step to get this pass. Let us make the decisions. We will take care the plans in the state. Is a good step. The two republican senators in the state. It is expected to be altered just a bit. To say the least and what happened to hap. They are very smart people. There can be great just contributors to the overall discussion. President trump have said he will put in a call to you in nebraska at the start keystone backup. Have you spoken to him yet. I have not talked to the president yet. Excited about this were excited about this opportunities for the keystone pipeline. We want to make sure that we have the Energy Security here in our country. It has to go through the Public Service commission. They will have their hearings over the course of the summer. Go get your dilly bar. Its great to have you here. In the foxbusiness exclusive. I have to tell you im going to put your name on this net jet here. The second you announced that you can have a cameo on wall street week people were running to make sure that they were going to dvr it. Whatever i can to help. We will be back to you in a few minutes. A very nice interview with the governor. Eyre up to 24 right now. As we get closer to the close of the week on wall street up next this is a big election for the french people. Markets are watching it closely as well. Ashley webster he is live in paris. Check in with ashley on that. We will take everything we need to know. The weekend with warren. There is more count him straight ahead. There is more count down straight ahead. Were back with breaking news in these elections are going to be closely watched in paris over the weekend. Theyve have the protest already. Ashley webster is standing by. All weekend long. That protest this morning was actually buy student university. Students a headed here. Its upset actually that they dont like either candidate. They do not like Emmanuel Macron or marine le pen. Eventually they used tear gas to and that. The end of the campaign strengthens the advantage of macron. Its already in this french papers. Talk about the polls. Has been is 25 percent of voters could vote for neither candidate. The vote in france which means that they go and the boat. News doesnt travel fast. We have special French Election coverage. The latest results. As we do bring liz back in from omaha im happy that shes included me in her program today. Its a bottle and coke. Its a bottle of cherry coke. Im guessing thats probably been that is probably been sold in china. It is not lebron james not michael jordan. He has a space on coke bottles. In america they put the sports stars. To tell to sell more they had put the face on them. He is telling me, i ask him asked him specifically about this. He is the largest shareholder. All of this signage and this kind of stuff for six months for free i dont want it unlimited. They always wanted the want the money for the shareholders. He just doesnt know if it would go in and they are selling them here. Up until today you can get them unless you were in china and i have a friend from Chinese Television send one to me. Thankfully i got that. Its just one of Many Companies that he has a big stake in but he owns many other companies. They have a big set appear. They head at this and more than 38 thousand shareholders are crawling all over the place. We have pampered chef you can see is a very big one and they make the knives and its one of tse multi level work workers but its dairy queen over here that has some 25 thousand products that they head in here today and tomorrow that they fully expect to sell. Let me just quickly tell you though. We have learned have a new product guardians of the galaxy. Its a cookie in a brownie mix. They are absolutely big on doing the marvel comic tieins and its very important to know here that this is the only Shareholder Meeting on the planet that makes money for its company as we look at this its a very much a story and they call it woodstock of capitalist. The prefab mate home. Talk about housing and much more. Or an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis. Im on the floor of the new york stock exchange. Its up 27 points. The s p up about six and a half. They add the apple takeover target. 250billiondollar cash to work. Its a onetime package go through. They will bring back for other targets and Interactive Software as well. They are facing the federal criminal probe. They use technology to evade officials. Did you know slow internet can actually hold your business back . Say goodbye to slow downloads, slow backups, slow everything. Comcast business offers blazing fast and reliable internet thats over times faster than slow internet from the phone company. Say hello to internet speeds up to 250 mbps. And add phone and tv for only 34. 90 more a month. Call today. Comcast business. Built for business. Kevin, meet yourkeviner. Kevin Kevin Kevin Kevin Kevin Kevin Kevin kevin kevin trusted advice for life. Kevin, hows your mom . Life well planned. See what a Raymond James Financial Advisor can do for you. We do have some breaking is coming and from us. Saudi abia is in talks about billions of dollars worth of u. S. Arms from u. S. Companies. I head of the president s trip there. It could be good news for those stocks that youre looking at. Present trumps headed there at the first overseas trip one company at the business of making barracks for the military. We go back to omaha. Liz with an exclusive interview with that companys ceo. I have to tell you also. We always show you that. I have no doubt they will be a beneficiary of this breaking news. That billions will be given. Kevin, its great to see. They will be buying our products we do build module units. We hope to have an interest in it. Have you ever dealt with that before and anything. You may start now. Speaking of a tiny house. This is a hot new thing. A tiny house totally made. Weve been working for two years. We hired the a milliondollar homebuilder architect. Its the finest materials in it. This is our national launch. It meets the local and state codes. Its a huge advantage. With the tiny homes. Who wants us. There is a trend. The meech just go to the website. Im glad you mentioned it. It is young and too older. There are so many uses of a tiny home. It means you can put it really anywhere. Atlanta is just now offering lowerpriced Square Footage to accommodate more affordable housing. Both of these homes today we are showing are a direct influence on the problem thats going on in america today. The average new home in america is almost 400,000 109 for the tiny house. And what our industry is saying that this bill onsite garage and porch is built the federal code. It should be financed and zoned. I belie last year you sold 402000. What do you expect to do this year. We are proud of this year. With the purchasing power we can help them. Be even more affordable. Id be remiss if i didnt tell you. It was there not being fair to minorities. Warren buffett has stood by you all the way. Nope punishment at all by this company. Have you changed anything about the way you write mortgages. We dont care where they finance their home we just want to help them with the home. Thats why we give them what it is. We have boards in our offices. But everything to us. And always will be. You want a Second Opinion but people keep coming back for more. 45,000s of these homes expected to sell. It actually looks pretty good. Its interesting stuff all the way around. We will count you cut you down to the closing bell with the dow jones was session highs of 32 today. The former president. Weill talk about that. They were on it first and has some new details. They are taking aim at the former president newfound wealth. After becoming one of the largest Broadband Companies in the country. After expanding our Fiber Network coast to coast. These are the places we call home. We are centurylink. We believe in the power of the digital world. The power to connect. And thats what drives us everyday. Your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 509 on auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. Foxbusiness was first to report that president obama will be breaking in theash with his 400,000dollar speech. And could be coming for his pension. This story is the gift that keeps on giving. I broke it but still talking about it days and weeks later. This is my story. Look at you. We cant give you 400 grant but we